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|Report o f the Trustees|1 to 6|
|Independent Examiner's Report|7|
|Statement o f Financial Activities|8|
|Balance Sheet|9|
|Notes to the Financial Statements|10 to 16|
|Detailed Income and Expenditure Account|17|
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||||||**31.12.22**|**31.12.21**|
|---|---|---|---|---|---|---|
|||**Unrestricted**|**Designated**|**Restricted**|**Total**|**Total**|
|||**funds**|**funds**|**funds**|**funds**|**funds**|
||**Notes**|**£**|**£**|**£**|**£**|**£**|
|**Income and endowment from:**|||||||
|Donations and legacies|**2**|20|500||520||
|Charitable activities|**4**|87,828|||87,828|84,643|
|Grant amortisation||−||11,225|11,225|11,225|
|Investment income|3|190|5,572||5,762|4,360|
|**Total income**||88,038|6,072|11,225|105,335|100,228|
|**Expenditure on:**|||||||
|Charitable activities|||||||
|−
Provision for social|**5**|36,211|27,356||63,567|37,581|
|living|||||||
|−
Depreciation||2,615||26,727|29,342|42,557|
|**Total expenditure**||38,826|27,356|26,727|92,909|80,138|
|Net (losses)/gains on|||(4,388)||(4,388)|13,084|
|investments|||||||
|**Net income/(expenditure)**|||||||
|**before transfers**||**49,212**|**(25,672)**|**(15,502)**|**8,038**|**33,174**|
|Transfers between funds||(27,549)|10,000|17,549|||
|**NET MOVEMENT IN**|||||||
|**FUNDS**||**21,663**|**(15,672)**|**2,047**|**8,038**|**33,174**|
|**RECONCILATION OF**|||||||
|**FUNDS:**|||||||
|**Total funds brought forward**||160,331|199,652|91,257|451,240|418,066|
|**TOTAL FUNDS CARRIED**|||||||
|**FORWARD**||**181,994**|**183,980**|**93,304**|**459,278**|**451,240**|
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|||||||**31.12.22**|**31.12.21**|
|---|---|---|---|---|---|---|---|
|||**Unrestricted**|**Designated**|**Restricted**||**Total**|**Total**|
|||**funds**|**funds**|**funds**||**funds**|**funds**|
||**Notes**|**£**|**£**|**£**||**£**|**£**|
|**FIXED ASSETS**||||||||
|Tangible assets|**8**|30,087||183,248||213,335|240,727|
|Investments|**9**||151,043|||151,043|149,859|
|||30,087|151,043|183,248||364,378|390,586|
|**CURRENT ASSETS**||||||||
|Debtors|**10**|2,743||||2,743|1,752|
|Cash at bank and in hand||153,414|32,937|||186,351|180,359|
|||156,157|32,937|||189,094|182,111|
|**CREDITORS**||||||||
|Amount falling due within one||||||||
|year|**11**|(4,250)||(29,073)||(33,323)|(31,725)|
|**NET CURRENT ASSETS /**||151,907|32,937|(29,073)||155,771|150,386|
|**(LIABILITIES)**||||||||
|**TOTAL ASSETS LESS**||||||||
|**CURRENT LIABILITIES**||181,994|183,980|154,175||520,149|540,972|
|**CREDITORS**||||||||
|Amounts falling due after more||||||||
|than one year|**12**|||(60,871)||(60,871)|(89,732)|
|**NET ASSETS**||**1817994**|**183,980**|**93,304**||**459,278**|**451,240**|
|**FUNDS**|**15&**|||||||
||**16**|||||||
|Unrestricted funds||||||181,994|160,331|
|Designated funds||||||183,980|199,652|
|Restricted funds||||||93,304|91,257|
|**TOTAL FUNDS**||||||**459,278**|**451,240**|
|he financial statements were approved and||authorised for issue by the Board o f Trustees on|||( 0|and|were|
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|Roof|40 years|
|---|---|
|Bathrooms|30 years|
|Doors and Windows|15 years|
|Heating|20 years|
|Kitchens|20 years|
|Lifts|20 years|
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|||**31.12.22**|**31.12.21**|
|---|---|---|---|
|Donations and gifts||520||
|**INVESTMENT INCOME**||||
|||**31.12.22**|**31.12.21**|
|Income from investments||5,572|4,360|
|Deposit account interest||190||
|||5,762|4,360|
|**INCOME FROM CHARITABLE ACTIVITIES**||||
|||**31.12.22**|**31.12.21**|
||**Activity**|||
|Contributions from residents|Provision o f social housing|87,828|84,643|
|**CHARITABLE ACTIVITIES **|**COSTS**|||
|||**31.12.22**|**31.12.21**|
|Staff costs||10,837|12,536|
|Direct costs||49,183|21,203|
|Administrative costs|||715|
|Independent Examiner's fees||2,336|2,225|
|Loan interest||1,211|902|
|||63,567|37,581|
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||||**Fixtures,**||
|---|---|---|---|---|
|||**Freehold**|**fittings &**||
|||**Property**|**equipment**|**Total**|
|COST|||||
|At 1 January 2022||964,996|3,413|968,409|
|Additions||1.950||1.950|
|•At 31 December 2022||966.946|3.413|970.359|
|**DEPRECIATION**|||||
|At 1 January 2022||725,946|1,736|727,682|
|Depreciation for the year||28.444|898|29.342|
|At 31 December 2022||754.390|2.634|757.024|
|**NET BOOK VALUE**|**'**||||
|At 31 December 2022||212,556|779|213,335|
|At 31 December 2021||239,050|1,667|240,727|
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|At 1 January 2022|149,859|
|---|---|
|Net income|5,572|
|Unrealised loss|(4,388)|
|At 31 December 2022|151,043|
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|**DEBTORS**|||
|---|---|---|
||**31.12.22**|**31.12.21**|
|Residents' fees due|2,662|1,603|
|Prepayments|81|149|
||2,743|1,752|
|**11.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN O**|**NE YEAR**||
|---|---|---|---|
|||**31.12.22**|**31.12.21**|
||Deferred government grants (Note 14)|11,225|11,225|
||Bank loans|17,848|18,162|
||Other creditors and accruals|4,250|2,338|
|||33,323|31,725|
|**12.**|**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**|||
|||**31.12.22**|**31.12.21**|
||Deferred government grants (Note 14)|32,886|44,111|
||Bank loans|27,985|45,621|
|||60,871|89,732|
|**13.**|**BANK LOANS**|||
|||**31.12.22**|**31.12.21**|
||Due within one year|17,848|18,162|
||Due within 2 −5 years|27,985|45,621|
|||45,833|63,783|
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|**GOVERNMENT GRANTS**|||
|---|---|---|
||**31.12.22**|**31.12.21**|
|Deferred:|||
|Due within one year (Note 11)|11,225|11,225|
|Due after one year (Note 12)|32,886|44,111|
||44,111|55,336|
|Amortised to date|190,825|179,600|
|Total government grants received|234,936|234,936|
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||||||**Designated**|**Restricted**|**Restricted**||
|---|---|---|---|---|---|---|---|---|
||||**Designated**||||**Repairs &**||
||**General**||**Repairs**||**Charity**|**Renovation**|**Maintenance**|**Total**|
||**Fund**||**Fund**||**Donations**|**Fund**|**Fund**|**Funds**|
||||||**Fund**||||
||**£**||**£**||**£**|**£**|**£**|**£**|
|**Year ended 31.12.2021:**|||||||||
|Funds at 01.01.2021|143,938||172,208|||101,520|400|418,066|
|Income|84,643||4 ,360|||11,225||100,228|
|Expenditure|(40,078)|||||(40,060)||(80,138)|
|Net unrealised gain on|||||||||
|investments|||13,084|||||13,084|
|Transfer between funds|(28,172)||10,000|||18,172|||
|Funds at 31.12.2021|**160,331**||**199,652**|||**90,857**|**400**|**451,240**|
|**Year ended 31.12.2022:**|||||||||
|Income|88,038||6,072||−|11,225||105,335|
|Expenditure|(38,826)||(17,756)||(9,600)|(26,727)||(92,909)|
|Net unrealised loss on|||||||||
|investments|||(4,388)|||||(4,388)|
|Transfer between funds|(27,549)||||10,000|17,549|||
|**Funds at 31.12.2022**|**181,994**||**183,580**||**400**|**92,904**|**400**|**459,278**|
|||**,**||**,**|||||
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||||||**31.12.21**||**31.12.20**|
|---|---|---|---|---|---|---|---|
|||**Unrestricted**|**Designated**|**Restricted**|**Total**||**Total**|
|||**funds**|**funds**|**funds**|**funds**||**funds**|
||**Notes**|**£**|**£**|**£**|**£**||**£**|
|**Income and endowment from:**||||||||
|Donations and legacies|**2**||||||2,000|
|Charitable activities|**4**|84,643|||84,643||81,879|
|Grant amortisation||||11,225|11,225||11,225|
|Investment income|3||4,360||4,360||5,322|
|**Total income**||84,643|4,360|11,225|100,228||100,426|
|**Expenditure on:**||||||||
|Charitable activities||||||||
|−
Provision for social|**5**|37,581|||37,581||30,231|
|living||||||||
|−
Depreciation||2,497||40,060|42,557||42,052|
|**Total expenditure**||40,078||40,060|80,138||72,283|
|Net gains/(losses) on|||13,084||13,084||(9,672)|
|investments||||||||
|**Net income/(expenditure)**||||||||
|**before transfers**||**44,565**|**17,444**|**(28,835)**|**33,174**||**18,471**|
|Transfers between funds||(28,172)|10,000|18,172||||
|**NET MOVEMENT IN**||||||||
|**FUNDS**||**16,393**|**27,444**|**(10,663)**|**33,174**||**18,471**|
|**RECONCILATION OF**||||||||
|**FUNDS:**||||||||
|**Total funds brought forward**||143,938|172,208|101,920|418,066||399,595|
|**TOTAL FUNDS CARRIED**||||||||
|**FORWARD**||**160,331**|**199,652**|**91,257_**|**451,240**||**418,066**|
|||||||**_**||
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||**31.12.22**|**31.12.21**|
|---|---|---|
|**INCOME**|||
|**Voluntary income**|||
|Donations|520||
|**Investment income**|||
|Deposit account interest|190||
|Income from investments|5,572|4,360|
|**Incoming resources from charitable activities**|||
|Contributions from residents|87,828|84,643|
|**Total income**|94,110|89,003|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Wages|10,837|12,536|
|Water rates|2,852|2,604|
|Insurance|1,311|1,205|
|Light and heat|1,534|669|
|Telephone|1,325|1,124|
|Sundries|−|−|
|Maintenance|27,544|10,732|
|Alarm system|3,347|3,347|
|Subscriptions|800|616|
|Christmas meal and gifts for residents|700|700|
|Co−op Loan interest|1,211|902|
|Bank charges|170|156|
|Professional fees||715|
|Independent examiners fee|2,336|2,225|
|Donation|9,600|50|
||63,567|37,581|
|Depreciation (net o f grant amortisation)|18,117|31,332|
|**Total expenditure**|81,684|68,913|
|Unrealised (losses)/gains on investments|(4,388)|13,084|
|**Net income**|**8,038**|**33,174**|